Ethereum Decreases More Than 15% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has dropped 15.98% in the past 24 hours to $2,404.55, continuing a week-long decline of 28%. Trading volume has surged 451% over the past week, while the circulating supply increased by 0.25%. Ethereum's market cap is currently $289.87 billion, ranking it #2.
August 05, 2024 | 3:00 pm
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Ethereum's price has dropped 15.98% in the past 24 hours to $2,404.55, continuing a week-long decline of 28%. Trading volume has surged 451% over the past week, while the circulating supply increased by 0.25%. Ethereum's market cap is currently $289.87 billion, ranking it #2.
The significant drop in Ethereum's price, coupled with a substantial increase in trading volume, indicates heightened market volatility and potential investor panic. This negative trend is likely to continue in the short term.
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